International Property News

Retiring abroad 'increasingly popular'

Rising prices within the UK's housing market are enabling a growing number of Britons to retire overseas, according to one expert.

This trend, which may be of interest to those considering buying property overseas, is being driven by the number of people releasing equity from their homes to invest in real estate abroad, Chris Simmonds, managing director of Saga Overseas, states....
Friday, June 29, 2007

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Singapore exchange launches Reits in Malaysian property

The Singapore exchange is believed to be seeking real estate investment trust (Reits) listings for products that could include Malaysian properties.

According to the Times, the Singapore Reit market has grown to be worth approximately £7 billion in recent years....
Friday, June 29, 2007

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Australian market experiences "upward trend"

Conditions within the Australian property market are improving, according to one expert, who suggests that some areas can provide significant gains for investors.

Writing for MoneyManagement.com, Warren O'Rourke, national corporate affairs manager at Mortgage Choice, says that 2007 has seen an "upward swing" in prices that is expected to continue over the next few years....
Friday, June 29, 2007

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Budget flights to boost Cyprus' tourism

The Cyprus Tourism Organisation (CTO) is reportedly seeking to bring more budget carriers to the island to boost the country's tourism trade.

Panos Englezos, chairman of the CTO, said that cheaper airfares would help to attract a greater number of visitors, Homes Worldwide reports....
Thursday, June 28, 2007

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Bulgaria 'second for property return rates'

New research carried out by the consultancy Assetz suggests that Bulgaria is second in a table of return rates on property investment, news that may be welcomed by potential property investors.

The index that is released each quarter by the firm shows that property returns in the country reached 71 per cent over the last year....
Thursday, June 28, 2007

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"Positive" outlook for Spanish property

Despite recent concerns about the market's stability, the Spanish property sector has a positive future, according to one expert.

Laura Vergani, head of media relations at Barclays GRCB, said that although the country is experiencing a "slowdown" within its property market, over the coming years the market will strengthen....
Thursday, June 28, 2007

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More looking to USA for 'pure investment'

A growing number of UK and Irish investors are looking to buy properties in the USA for purely investment purposes, according to one expert.

While many investors continue to buy properties in tourist areas to use as holiday homes and also rent out, Adrian McDermott, managing director of Escapes2, said that more people are now interested in investment properties....
Wednesday, June 27, 2007

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Demand for Thai property to grow by 10%

Although the market currently remains "sluggish", one expert has claimed that the Thai property sector is set to see demand increase significantly over the course of this year.

Anupong Aswapokin, president and chief executive officer of Asian Property Development, said that the economic slowdown experienced by the country had a negative impact upon property, TNA reports....
Wednesday, June 27, 2007

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Best locations in Spain revealed

A new survey has revealed that Pamplona, Bilbao and Gijon are considered to be the best places to live in Spain.

Research by the Organisation for Consumers and Users found that 18 per cent of the 10,000 people surveyed said that their security was the most important influence on their quality of life, reports EuroResidentes....
Wednesday, June 27, 2007

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Cape Verde "to make big impact"

Cape Verde is set to make a "big impact" on the global property market according to a new report.

Assetz claimed that new mortgages are likely to create a number of opportunities for investors, while property prices are currently affordable, yet demonstrated 11 per cent growth last year....
Wednesday, June 27, 2007

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Investors urged to take advantage of favourable dollar

A good exchange rate and greater availability of property in popular areas means that now is a good time to invest in the property market in the USA, one expert has claimed.

Adrian McDermott, managing director of Escapes2, said that Orlando, Florida, is currently experiencing oversupply within the market and relatively low demand....
Tuesday, June 26, 2007

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South African office rents to grow

Rents within the South African office sector are set to see double digit growth this year, according to one financial firm.

In its latest annual report, Vukile claimed that sustained levels of economic growth in recent months and favourable conditions within the commercial property market could see rents increase significantly....
Tuesday, June 26, 2007

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"Easier than ever" to buy property in Spain

Spain is the most popular destination for British investors looking to purchase a property abroad, according to financial provider HSBC.

The firm stated that more than 500,000 British property owners have invested in real estate in the country....
Tuesday, June 26, 2007

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Bulgarian property to see 10% price rise

The Bulgarian property market is expected to see prices increase by ten per cent over the course of the year, according to one local estate agency.

ERA Bulgaria told investor.bg that the residential property markets in some of the country's largest cities would experience significant price rises this year, the Sofia Echo reports....
Tuesday, June 26, 2007

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New Turkish mortgage law 'to boost property market'

The introduction of a new mortgage law in Turkey will help to boost country's property market, it has been claimed.

Writing for website Mortgage Introducer, Jane Griffiths said that investors will now be able to take out a mortgage over a term of up to 30 years from January 2008 - currently, buyers can only apply for short-term mortgages....
Monday, June 25, 2007

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France and Spain 'popular' with retirees

Property investors may be interested to hear that France and Spain are among the most popular countries for retirees to move to.

However, according to Paul Collins, a spokesperson for property advice site BuyAssociation, while traditional destinations may be banked on as perennially in demand, buyers should look out for emerging markets such as Bulgaria....
Monday, June 25, 2007

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Property investment at record high in 2006

A new report has revealed that global property investments were valued at a collective $600 billion (£300 billion) last year.

The Money Into Property publication from property adviser DTZ showed that buyers can expect to plough even more money into property this year, with the company finding that investors are currently looking to invest an estimated $2....
Monday, June 25, 2007

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Londoners look to move abroad

Residents of London are the keenest in the country to consider moving abroad, according to new research.

A survey by Bank of Scotland found that eight per cent of people living in London currently own a home abroad, with a further 52 per cent considering buying a home overseas or moving abroad permanently....
Friday, June 22, 2007

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Morocco 'could be the new Spain'

With an increasing number of tourists visiting Morocco's holiday destinations, one expert has suggested that the country could become the "new Spain".

Rob Shaw, marketing and operations manager at Morocco Properties, said that Morocco has "matured" in recent years and now property investors are likely to find a great deal of potential in the country's market, reports Easier....
Friday, June 22, 2007

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'Lucrative opportunities' for investors looking further afield

Investors could be missing out on significant opportunities if they only look to purchase properties in traditional holiday destinations, according to one expert.

Research by Foreign Currency Direct found that 15 per cent of overseas property investors own properties in Spain, with a further 12 per cent entering the French market, reports Easier....
Thursday, June 21, 2007

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Australian rents set to increase

Both rents and the price of investment properties in Perth, Australia, are set to increase significantly over the course of the next year, according to one expert.

Rob Druitt, president of the Real Estate Institute of Western Australia, said that rents may increase up to 50 AUD (21....
Thursday, June 21, 2007

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MEPs support Cyprus' entry into eurozone

Members of the European parliament have announced their support for Cyprus' accession to the eurozone – a move which may be of benefit to potential property investors.

Cyprus intends to adopt the euro on January 1st 2008, however, despite their support for the country's membership, MEPs were "concerned" with the length of the country's timetable for joining the single currency....
Thursday, June 21, 2007

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Bulgaria now "much more secure" for investors

Bulgaria's accession to the European Union has ensured that the country's property market is far more secure for investors, one expert has claimed.

Justin Figgins, head of RightmoveOverseas, claimed that demand for property is expected to increase as the country experiences high levels of foreign investment following its membership to the union....
Wednesday, June 20, 2007

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Malaysian property attracting foreign investors

Malaysia's residential property sector is experiencing growing demand from foreign investors, according to experts.

Speaking at a property seminar, Christopher Boyd, executive chairman of Regroup Associates, said that the country's economic growth was likely to sustain the country's real estate market, the Edge Daily reports....
Wednesday, June 20, 2007

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Turkish government 'encourages investment'

Turkey is set to become a popular destination for overseas property investors, particularly as the country's government is actively seeking to encourage the inflow of foreign capital, according to a new report....
Wednesday, June 20, 2007

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Now "a good time to be a landlord" in Europe

The current European property markets mean that it is a "good time to be a landlord" in the continent, one expert has advised.

Stephen Hayes, managing director and portfolio manager of Perennial Real Estate Investments, said that the growth of Real Estate Investment Trusts in Germany and Italy is part of this improvement, the Financial Standard reports....
Tuesday, June 19, 2007

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Skilled migrants 'finding employment in Oz'

Record levels of employment are available for Britons who relocate to Australia, new research has suggested.

Employment rates for skilled migrants in Australia currently stand above the national average of 97 per cent, according to a study by the Australian Department of Immigration and Citizenship (Diac) cited by the Australian Visa Bureau....
Tuesday, June 19, 2007

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Chai Mai to become "good investment choice"

New developments and value for money has led Thailand to become an attractive prospect for investors, it is claimed.

The country's second city of Chai Mai is tipped by experts to become a popular investment choice thanks to the construction of a new highway that will connect the city to Kunming, southwest China....
Monday, June 18, 2007

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Demand for Australian property rises

The number of Australians planning to buy residential investment property is increasing while interest from interest from property investors is also strong in most states, research has found.

According to Wizard Home Loans, the number of Australian investors planning to buy residential property in the next year has increased by 13 per cent to reach 878,000, compared to 779,000 in the December quarter....
Monday, June 18, 2007

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Bulgarian mortgages "attractive" to foreign investors

The Bulgarian mortgage market is becoming increasingly active with interest from European investors, research has found.

Published by the Sofia Echo, a survey by MKB Unionbank claimed to reveal growing interest in the Bulgarian real estate market from UK citizens, in addition to rising demand from European countries such as Germany and Spain....
Monday, June 18, 2007

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Airlines offer greater access to Brazil

Emerging as a popular property investment market, Brazil is set to benefit from a new agreement between GOL Linhas Aereas Inteligentes and Delta Airlines.

From July 1st, passengers on Delta's services will be able to enjoy more convenient connections from Sao Paulo and Rio de Janeiro to 58 other destinations in the country – a move which may benefit property investors....
Friday, June 15, 2007

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Malaysian government to change investment rules

Foreign investors are to be tempted to Malaysia by a relaxation of its strict rules, Prime Minister Abdullah Ahmad Badawi has said.

Depending on the success of moves to redevelop the southern state of Johor, which is seeking billions of dollars of investment from abroad, the prime minister commented that there was a possibility it could be repeated across the country, reports Bloomberg....
Friday, June 15, 2007

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French property market may be boosted by new IHT laws

Investors purchasing property in the French market may be set to benefit from proposed changes to the country's inheritance tax (IHT) laws put forward by new president Nicholas Sarkozy, it has been claimed....
Thursday, June 14, 2007

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Asian property market sees investment increase

Conditions within the Asian property market are set to see investment in the region increase, according to one expert.

Research by Fidelity International found that investment in the Asia Pacific region reached $94 billion (£47....
Thursday, June 14, 2007

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Infrastructure investment 'reveals potential'

Investment in infrastructure in a number of regions in Spain could provide a number of opportunities for overseas property investors, according to one expert.

Mark Stucklin of Spanishpropertyinsight....
Wednesday, June 13, 2007

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Turkey boasts "impressive" housing market

The property market in Turkey now represents one of the most "attractive" investment opportunities for residential property buyers in Europe, according to a new report.

The Global Property Guide (GPG) argued that Turkey, along with Slovakia, Bulgaria, Romania and Hungary, is presently one of the best markets for investors due to "impressive" conditions within its housing sector....
Wednesday, June 13, 2007

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Spain "still a good place to invest"

Current property prices in Spain mean that the country's market remains a "good" area in which to invest, according to one expert.

Speaking to the Daily Record, Isbell Kelly of La Vista Bella said that those considering investing in Spain ought to do their homework first and take a number of factors into consideration....
Tuesday, June 12, 2007

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Turkey recognised as a top tourism destination

In a poll which may be of interest to those considering investing in overseas property, Turkey has been identified as one of the best tourism destinations by an industry magazine.

German publication Tourist Report placed Turkey second in a list of 12 Mediterranean and Black Sea locations – ahead of Spain, Altinkum Voices reported....
Tuesday, June 12, 2007

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Investors 'should consider surroundings'

The Bulgarian property market has experienced rapid growth in recent years, but investors should consider whether the country's resorts are becoming overdeveloped, one expert has claimed.

Filmmaker Nikolai Chavdarov told the Guardian that the popularity of Bulgaria as a property investment market could lead to "overdeveloped and ugly" locations over the next few years....
Tuesday, June 12, 2007

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Malaysian market has 'scope for high-end properties'

The Malaysian state of Sabah could offer a number of opportunities for foreign investors, with demand for high-end properties expected to increase, it has been claimed.

One of the country's most popular tourist destinations, the state has the potential to draw a number of foreign investors, the Malaysia Star reports....
Monday, June 11, 2007

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Spain remains popular with UK investors

Recent reports about the Spanish property market may have suggested that the sector was slowing down, but a new survey has revealed that the country remains a popular destination for British investors....
Monday, June 11, 2007

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Australia property market 'more stable than UK sector'

The Australian property market is attracting investors due to its stable performance, with some areas showing some of the highest price rises in the world, it has been advised.

Knight Knox International owner Jeremy Knight noted that existing migration into Australia would ensure that the market remained strong for the foreseeable future....
Friday, June 08, 2007

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Turkey touted as leading property market

Turkey has been heralded as a leading property market for investors looking to make good returns in 2007 following its success at the Blue Flag awards.

The accolades for beaches and marinas saw Turkey scoop 235 Blue Flag accreditations for its beaches and 14 for its marinas....
Friday, June 08, 2007

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Cyprus apartments 'among the cheapest in Europe'

Apartments in Cyprus are among the cheapest in Europe, it has been reported, with investors likely to be attracted to the region as a result.

The Global Property Guide examined apartment prices in almost 50 cities across Europe, and found that Limassol's average apartment rent came in at just €2,167 per square metre....
Friday, June 08, 2007

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Sofia 'one of Europe's most attractive property locations'

Sofia in Bulgaria has been named as one of the most attractive capital cities of Europe in terms of property investment, it has been advised.

Research from the Global Property Guide found that EU membership requirements had led to reforms in Bulgaria that were proving to be beneficial to the property market....
Thursday, June 07, 2007

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Thai property offering good opportunities

Thailand's uncertain political situation is causing prices to remain low and foreign investors to move in ahead of an expected upsurge in growth next year, it has been advised.

Investment levels could reach GBP230 million if current deals are finalised, Colliers officials have advised....
Thursday, June 07, 2007

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Morocco economy 'fuelled by real estate'

Improvements in Morocco's economy have resulted from a growing reliance on tourism and real estate revenues, it has been revealed.

Investment in such sectors is behind a change in fortunes for the north African country, which has seen its unemployment level more than halve and an economic growth rate of 8....
Wednesday, June 06, 2007

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Investors advised to head for Australia

The outlook for Australia's property sector has improved to the extent that investors are now returning to the market, it has been advised.

ANZ Bank research has found that vacancy rate across rented accommodation have fallen from 3....
Wednesday, June 06, 2007

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Insurers boost Cape Verde property sector

Britons looking to invest in overseas property hotspots such as Cape Verde and Morocco have been boosted by the announced that insurers HiFX is extending its range of cover to those locations.

The firm said it was responding to increased demand for foreign property by opening up its protection to a number of other countries....
Tuesday, June 05, 2007

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Britons of all ages looking to Spanish property

Spanish property is no longer the preserve of the elderly looking to enjoy their retirement in a sunny climate, a new study has revealed.

Research from Banco Halifax Hispania found that it was 35 to 44-year-olds who were the most likely to profess their intentions to move to Spain, with the younger generations also showing strong interest....
Tuesday, June 05, 2007

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South Africa sees surge in house prices

Median house price growth inflation in South Africa now stands at 10.9 per cent after an upsurge of buyers in May, it has been revealed.

The average middle-range house price rose from around GBP40,000 in April to around GBP42,000 in May, according to Business Day....
Monday, June 04, 2007

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Bulgaria property receives €310m of investment

The Bulgarian property sector has received €310 million worth of investment from external sources in the first three months of 2007, it has been revealed.

Data published by the Bulgarian National Bank found that this figure represents an increase of 63 per cent on the first quarter of 2006, with UK citizens again proving to be the most interested parties....
Monday, June 04, 2007

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Australian property 'attracting more interest'

UK investors are increasingly looking to Australian property as a way of securing a higher standard of living and potential returns on investment, it has been advised.

The low cost of Australian property means that potential investors are even more attracted to sunnier climbs, with a recent HiFX property survey showing that the number of enquiries regarding possible investment in the country have doubled over the past 12 months....
Friday, June 01, 2007

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Malaysian property sector showing strong returns

Improved economic performance across the country has helped fuel the Malaysian property sector boom over the first quarter of the year, it has been revealed.

Malaysian second finance minister Tan Sri Nor Mohamed Yakcop (TSNMY) revealed that the economy grew by 5....
Friday, June 01, 2007

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Consumption driving growth in Bulgaria

Strong economic growth in emerging European countries such as Bulgaria has led to a rise in occupier demand following an increase in investment by firms, it has been revealed.

The bi-annual Global Property Survey from the Royal Institution of Chartered Surveyors (Rics) has found that occupier demand for retail space was growing at its fastest pace for two years in Sofia, with residential property also performing well....
Friday, June 01, 2007

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